An example of how to use the Option Chain Provider The OptionChainsProvider (OCP) class provides access to a collection of options for an underlying asset. The collection that is returned includes options that satisfy the criteria established in the OCP properties. This tutorial gives a straightforward example of how to use the OCP in the […]
Analysis of volume at chart price levels for the last week Program 79 estimates horizontal support and resistance lines based on the chart’s volume profile for the previous week. The theory underlying program 79 is that if significant volume has occurred at a specific price level then, perhaps, that level have some significance as a […]
Drawing various charts on a form using a multi-input, multi-output method Join the Markplex email list to get updates about new programs and tutorials.Subscribe to the Markplex YouTube channel. EasyLanguage tutorial 139 demonstrates how to create sub-charts on a form docked to a price chart. The tutorial program uses a Market Depth Provider and a […]
Improving the responsiveness of exponential moving averages when price gaps Tutorial 127 explains techniques for modifying the exponential moving average (EMA) calculation to account for price gaps. The tutorial explains an approach for a simple EMA applied to a regular chart (tutorial program _EMA_Gap) and also the more complex situation when calculating the EMA of a […]
In technical trading, relative volume is a metric that compares the current trading volume of an asset (such as a stock, cryptocurrency, or other security) to its average trading volume over a specified period. It helps traders assess the strength or weakness of a price move by evaluating whether the volume supporting that move is […]
A Markplex subscriber asked what were the advantages in using methods in EasyLanguage. What is the point of them and are they really necessary? This tutorial will attempt to answer these question and gives various examples of simple methods. Advantages of methods Using methods in an EasyLanguage program can bring many benefits, including 1. Keeping […]
A Gold Pass member asked how it would be possible to display the Volume Ratio on RadarScreen. As you may know the standard indicator (Volume Ratio) is not available for RadarScreen because it uses the following code: TotalTicks = UpTicks + DownTicks; If TotalTicks > 0 then VolRatio = 100 * ( UpTicks – DownTicks […]
Program 87 (_Program87-VolProfile) is based on _Program57 v1.7. and Program 86. It has been modified to repeat the volume analysis, every time a user input number of minutes is elapsed like program 86, but now the code updates in real time (at the close of each real time bar). The program has also been simplified […]
Program 86 is based on _Program57 v1.7. It has been modified to repeat the volume analysis, every time a user input number of minutes is elapsed. Program 86 uses the Price Series Provider class to create a volume profile for specified periods during the day starting at a user input time and for subsequent days, […]
Tutorial 188 for TradeStation EasyLanguage demonstrates how to create a paintbar study that analyzes the volume profile for a number of bars that are selected by the user and then draws the volume profile on the chart. The tutorial program uses a Price Series Provider to analyze the volume profile. The bars are selected by […]
